April 19, 2024
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A Look into Bitget Exchange’s Security, Fees and More

The Bitget exchange is one of the top crypto exchanges in the world and offers several high-end features to the users. It was launched by Sandra Lou in 2018 and is now among the top five platforms recognized for derivatives volume.

Not only this, but Bitget is also known to be the #1 crypto exchange for copy trading, which is a highly beneficial feature for crypto traders. With an impressive collection of digital assets and trading pairs, this exchange is at the top of the list for many crypto enthusiasts.

However, there is a lot more you need to know about the platform. You can explore some features by looking at the information mentioned in this brief Bitget review below.

Copy Trading on Bitget Exchange

Copy trading is one of the most prominent features offered by the exchange and it is also the best platform to utilize the feature.

Copy trading basically allows the traders to take a look at various professional traders with a good track record and then choose to automatically copy their trades. People who opt for copy trading do not necessarily need to have information about the crypto space or trading. This feature is not only helpful for the new traders but is also beneficial for those who do not have enough time to manually monitor the markets and then place trades.

There are two factors to know about copy trading, one of which is, that if you copy the trades of an expert, you will get the same profits and losses as the professional trader you copy does. The other factor is that as a trader you can get up to 8% profit from the other traders who follow you.

How Secure is the Exchange?

The security of the platform is yet another major piece of information you can get through this brief Bitget review.

The platform is popular and successful, as are several others available in the industry. However, popularity is not the only reason you should opt for an exchange. The level of security it offers should be one of the biggest deciding factors.

Similarly, if you are interested in using the Bitget exchange, you should know that it is one of the safest exchanges in the industry. Not only is it regulated in five countries, but it also holds additional regulatory licenses.

To further enhance the level of security offered, Bitget makes use of leading-edge security systems such as:

  • Hot wallets
  • Cold wallets
  • Two-factor authentication (2FA) system
  • 12A+ ratings from SSL Labs

The crypto exchange also has a protection fund with $300 million and the Merkle Tree Proof of Reserves.

Crypto Assets Available

As mentioned above in this brief Bitget review, the crypto exchange has one of the biggest collections of digital currencies, which is more than 400 in number.

The following are only some of the assets from the available 400+ cryptocurrencies:

  • Bitcoin (BTC)
  • Chainlink (LINK)
  • EOS (EOS)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Polygon Matic (MATIC)
  • Ripple (XRP)
  • Tron (TRX)

How Much Fee Do Users Have to Pay?

Considering that the Bitget exchange offers a wide range of trading options and services, the platform offers a highly competitive fee structure. That is not the only selling point about the platform’s fee structure. The fee charged by the exchange is also free of any additional charges that are not disclosed beforehand.

Here are further details of the exchange’s fee structure for users:

  • No fee for crypto deposits
  • Standard spot trading fee of 0.1% for market makers and takers
  • For futures trading, 0.02% trading fee for market makers
  • For futures trading, 0.06% trading fee for market takers

Users can also get a 20% discount if they pay the spot trading fee using BGB.

Strategy Trading

This is likely to be one of the most distinctive features offered by the Bitget exchange. It is an inventive product line that proposes a unique way to trade cryptocurrencies.

This type of trading can be divided into two types of services:

  • Availability of free strategy bots to users
  • Offering services of subscriptions and strategy deals to strategists

The strategy bots are free-to-use. They are designed to help traders in the optimization of their investments and maximizing their profits. This feature also enables people to copy strategies initiated by strategists, which is doable both manually and automatically.

Final Takeaways!

Bitget exchange is an outstanding platform that offers some of the best features. There are numerous impressive features that you need to know about before you opt for an exchange. The details mentioned above can help you make the right decision.

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